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38.57 trillion yuan, 90%, 6 hours... the third anniversary! RCEP promotes high-quality development of regional economy
2025-05-04 source:CCTV.com

CCTV News: This year marks the third anniversary of the entry into force of the Regional Comprehensive Economic Partnership Agreement (RCEP). As the free trade agreement with the largest number of people, largest economic and trade scale and most development potential in the world, in the three years since its effectiveness, trade and investment liberalization and facilitation have continued to advance, forming a new situation of regional cooperation and shared development.

According to customs statistics, in the three years since the implementation of RCEP, my country has accumulated imports and exports to other RCEP members of 38.57 trillion yuan, and the proportion of my country's total import and export volume has remained above 30%. In 2024, my country's imports and exports to other RCEP members were 13.16 trillion yuan, an increase of 4.5% year-on-year, and regional cooperation vitality continued to be released.

According to the RCEP rules, more than 90% of products in the region will gradually achieve zero tariffs, greatly promoting trade liberalization and economic integration within the region.

In the RCEP area, perishable express cargo can be cleared within 6 hours after arrival, and generally goods are released within 48 hours after arrival, further improving operational efficiency.

As the largest economy in the RCEP region, my country actively promotes the high-quality implementation of RCEP. In Zhejiang, Ningbo Zhoushan Port opened a new RCEP route to Malaysia in February this year, greatly reducing the logistics costs of enterprises.

In recent years, more and more domestic cities such as Qingdao, Guangzhou, Xiamen, and Dalian have added routes specifically for RCEP member countries, further promoting economic and trade exchanges between my country and RCEP members, and the regional economy is moving towards a new stage of efficient and coordinated development.

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